Nev. Admin. Code § 701B.Sec. 11

Current through October 11, 2024

Section 701B.Sec. 11 - NEW

A utility shall account for costs and revenues in the following manner:

1. Calculate, on a monthly basis, the costs incurred and revenues received in the Storage Program since the end of the test period in its last proceeding to change the Storage Program rate;

2. Record the cost of the Storage Program in a separate subaccount of FERC Account No. 182.3 and make an appropriate offset to other subaccounts;

3. Maintain subsidiary records of the subaccount of FERC Account 182.3 which must clearly delineate, without limitation, the incentives, contractor costs, marketing costs, training costs and utility administrative costs associated with the Storage Program;

4. Record in the subaccount of FERC Account No. 182.3 the revenues attributable to the Storage Program rate to recover the costs of the Storage Program; and

5. Apply a carrying charge at the rate of one-twelfth of the authorized rate of return to the monthly ending balance in the subaccount of FERC Account No. 182.3.

Nev. Admin. Code § 701B.Sec. 11

Added to NAC by Pub. Utilities Comm'n by R022-18AP, eff. 6/26/2018

NRS 703.025 and sections 1.2 and 1.3 of Senate Bill No. 145, chapter 239, Statutes of Nevada 2017, at pages 1265-66 (NRS 701B.223 and 701B.226, respectively)